TSC
CyclicalsValuation Breakdown
Cyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
Valuation Track Record
Retroactive intrinsic value vs actual close price — TSC
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
TSC exhibits several concerning financial indicators, particularly its Beneish M-Score of -3.6961, which suggests a low likelihood of earnings manipulation. However, the earnings quality score of 42.7 indicates significant weaknesses in revenue and margin quality, raising concerns about the sustainability of reported earnings.
- Beneish M-Score of -3.6961, well below the manipulation threshold of -1.78, indicating potential earnings manipulation.
- Earnings Quality Score of 42.7, particularly low scores in revenue (0.0/100) and margin (0.0/100), suggesting unreliable earnings.
- High DSRI of 0.5619 indicates a potential issue with inventory management, which could affect cash flow.
- Strong receivables quality score of 100.0/100, indicating effective collection processes.
- Low SGI of 1.1914 suggests that sales growth is manageable relative to the industry, which may indicate stability.
The top shareholder, Công ty Cổ phần Tập đoàn F.I.T, holds a significant 41.1% stake, which could lead to potential governance issues and lack of minority shareholder influence. The presence of institutional ownership may provide some level of oversight.
Investors should exercise caution and conduct further due diligence, particularly regarding revenue recognition practices and inventory management. Monitoring future earnings reports for improvements in quality metrics is advisable.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for TSC — hover nodes for intel, click to navigate